Common Contracts

LEASE TERm AND RENTALS

Lease Term • August 31st, 2012

• Contract Type
  Lease Term
• Filed
  August 31st, 2012

In its standard Safe Deposit Box Lease Agreement (“Lease”), First Midwest Bank (“Bank”) agrees to lease to the renter (“Renter”) and the Renter agrees to lease from the Bank a Safe Deposit Box (“Box”) for the period of one (1) year from the date of the Lease. At the end of the initial one (1) year period, the Lease will be renewed automatically from year to year (“Renewal Year”), unless Renter notifies Bank in writing at least fifteen (15) days before the end of the initial one-year period or of any annual Renewal Year that Renter does not want to renew the Lease or unless the Bank decides to terminate the Lease. Renter shall pay in advance the first year’s rental (“Rent”) and if the Lease is renewed, shall pay, in advance, Rent in an amount equal to the then current rate charged by the Bank for similar Boxes. The Bank may, at any time, change the amount of Rent charged from time-to-time without notice to Renter; provided, however, any change in the Rent charged shall not become effect